NIFTY Financial News

BASIC FACTS DATE OF LAUNCH 7 MAY 1998CATEGORY EQUITYTYPE LARGE CAPAUM* Rs.1,593BENCHMARK NIFTY 100 TOTAL RETURN INDEXWHAT IT COSTS NAV** GROWTH OPTION Rs.387.13IDCW** Rs.84.35MINIMUM INVESTMENT Rs.5,000MINIMUM SIP AMOUNT Rs.150EXPENSE RATIO# (%) 2.16EXIT LOAD For units in excess of 12% of the investment,1% will be charged for redemption within 365 days*AS ON 31 AUG 2023 **AS ON 18 SEP 2023 #AS ON 31 AUG 2023FUND MANAGER ABHINAV SHARMA 4 MONTHSRecent portfolio changes New entrantsABB India, AU Small Finance Bank, Jio Financial Services (July). Cholamandalam Investment & Finance Company, Cummins India (Aug).Complete exits HDFC (July).Increasing allocationHavells India, HDFC Bank, Mahindra & Mahindra, Sun Pharmaceutical Industries (July).

market may continue this week, and technical analysts are closely watching the pivotal 19,600 level as a decisive point for the current trend. Failing to hold this level could lead the index toward the 19,320 zone, as per their analysis.

Nifty Private Bank ETF. A sharp improvement in return ratios, expected economic growth, reasonable valuations, and recent underperformance compared to the PSU banks make this a good bet for investors with a high appetite for risk, wealth managers said. The Nifty Private Bank Index has underperformed the Nifty 50 and PSU Bank indices over the last one year.

In the dynamic world of investments, one often hears the phrase, ‘timing is everything’. While timing can certainly be a powerful ally in the realm of small-cap funds, it’s not the only strategy that can lead to success. In fact, for many investors it can be elusive and, more often than not, just out of reach.

Also Read: IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing On Friday, domestic benchmark indices Sensex and Nifty settled lower for the fourth consecutive session, amid weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a per cent, weighing on investors' sentiment for riskier equities. Nifty 50 closed with a loss of 68 points, or 0.34 per cent, at 19,674.25 while the Sensex ended at 66,009.15, down 221 points, or 0.33 per cent.

Here's how analysts read the market pulse: «Nifty has now fallen below the critical 21-day Exponential Moving Average (21EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600.

Technical Analysis who had introduced her to Maya, at their favourite coffee shop, her thoughts were still immersed in what she had learned earlier. Even the enticing aroma of freshly brewed coffee couldn't divert her mind from the world of stocks and charts. With genuine curiosity, she turned to Dev and asked, «Hey Dev, I've been working with stock charts and stumbled upon something called semi-log charts. I've never really understood what they are or when to use them.

There is no doubt that market breadth in all segments of the market was under pressure, but last week's correction was largely led by two banking heavyweights which are HDFC, ICICI bank and conglomerate Reliance. What would be worth watching is whether in coming trading sessions, the market remains under pressure or we go back to the same trend where midcaps move on their own path without bothering what is happening to Nifty.

Also read: Week Ahead: Macro data, IPO action, FII mood, global cues among key market triggers this week Concerns like rising crude oil prices, firm US dollar index and treasury yields coupled with continuous FII selling have been denting the sentiment in the markets, Amol Athawale, Vice President - Technical Research, Kotak Securities Ltd, said. "Global and domestic macroeconomic data, trend in global stock markets, crude oil prices, movement of rupee against the dollar, investment by FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) will be in focus.

HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities. Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent. Equity markets were closed on Tuesday on account of Ganesh Chaturthi. From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers. The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore.

This saw the benchmark Sensex and Nifty50 drop close to 3% each and snap a three-week winning streak. The week ahead is unlikely to bring major fireworks, and market experts see high volatility amid the expiry of the September derivative series. Global markets, which also played a role in the downward trend of local shares, will continue to be closely tracked by investors for cues. Further, foreign institutional investors were big sellers in the domestic market last week. So, their trading strategy will be closely tracked to gauge market direction.Global Markets Benchmark indices in the US registered 2-4% weekly losses, which has turned the global sentiment sour. “The global markets are facing challenges, particularly after the ultra-hawkish FOMC policy.

logged its worst week in over 15 months on lingering worries over a higher global interest rate environment following the US Federal Reserve's hawkish tone. Nifty 50 closed with a loss of 68 points, or 0.34 per cent, at 19,674.25 while the Sensex ended at 66,009.15, down 221 points, or 0.33 per cent. While domestic investors offloaded in healthcare, consumer durable and commodity stocks, foreign fund outflows and a steep decline in HDFC Bank shares also hit market sentiment.

sold ₹10,164 crore worth of Indian equities and offloaded a total of ₹10,100 crore as of September 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. Foreign institutional investors (FIIs) have sold ₹7,300 crore in the last three trading sessions and around ₹16,934 crore in Indian equities till September 21. Rising bond yields in the US and strong dollar index are negative for capital flows.

Nifty oscillated in a 537-point range over the past week. The headline index closed on a negative note, losing 518 points (-2.57%) on a weekly basis. The monthly derivatives expiry is slated for next week, and the coming sessions are likely to stay influenced by rollover-centric activities. The level of 20,200 has now become an intermediate top for the Nifty; as long as this level is not taken out comprehensively, the markets will remain under consolidation and may even see minor corrective retreatments.

PNB, Bank of Baroda, or even a small PSU Bank like UCO, Union Bank, or Indian Bank," says Rajesh Palviya, Axis Securities. Edited excerpts.What are the levels that you are looking out for because suddenly we are seeing declines across the board, not only in the midcaps, but also in the frontline index? We have seen significant supply pressure throughout the week, almost a 2.5% cut for the Nifty and now Nifty slipped below to 20-day moving average. Most of the Put writers have shifted their position on the lower side. So, Put writers have now shifted their position at 19,500, 19,400 strikes. That clearly shows that we can see more pressure in the coming trading session as call writers are now acting aggressively, aiding their position at 19,800 and 19,900 strikes. Those levels are likely to act as a major supply zone for any pullback action. Until Nifty does not cross above 19,900, there will not be any significant short-covering action in the market. Only major short covering will come above 19,900. Until we are trading below the 19,800 level, pressure is likely to remain in the system and possibly Nifty can go further down from the current level towards 19,600, 19,550 in the continuation of this down move.

₹10,164 crore worth of Indian equities and offloaded a total of ₹10,100 crore as of September 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹10,164 crore-figure also includes bulk deals and investment in primary market. Excluding the bulk deals and investment through the primary market, the sell figure in the cash segment rises to ₹18,260 crore, according to analysts.

However, to capitalise on these superior returns, equity investors must navigate through market corrections, which are generally unwelcome, whether they are minor or substantial. Yet, when approached strategically, these corrections can offer valuable opportunities to enhance long-term investment gains. Analysing data spanning the entire 21st century, which encompasses the past 23 years, we observe that major stock market indices such as the Sensex and Nifty 50 have experienced a minimum 10% correction on an annual basis (with the exception of CY2021), a roughly 15% correction approximately every 3 years, and a more significant correction ranging from 30-40% occurring once every 10 years. Sustained negative returns over two consecutive years are very rare.

Buy or sell stocks: Following weak global market sentiments, Indian stock market ended lower for fourth day in a row. Nifty 50 index lost 68 points and closed at 19,674 levels, BSE Sensex corrected 221 points and ended at 66,009 mark whereas Bank Nifty index finished 11 points lower at 44,612 levels. Small-cap index ended marginally in the positive even as the advance decline ratio improved to 0.99:1.

Stocks to watch: ITC share price remained in ₹190 to ₹250 apiece range from ₹190 to ₹220 per share levls during November 2020 to February 2022. However, after coming out of this base building moce, ITC share price has ascended to the tune ₹450 apiece levels in last 19 months, delivering around 105 per cent return in this time. So, ITC shares are one of the multibagger stocks that Indian stock market has delivered in recent years.

The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week.IFCI was the top gainer in the smallcap pack with 37% rise, followed by KIOCL, which jumped 28% and EKI Energy Services, whose shares increased nearly 26%. Only three smallcap stocks have offered returns over 25% in this week.

oil prices weighed down investor sentiment. The losing run resulted in the benchmark indices shedding about 2.7% this week — their highest weekly loss since February. NSE's Nifty fell 68.10 points, or 0.34%, to close at 19,674.25.